Japan to continue buying N.Z. pine
NZJN Tokyo Japanese importers have agreed to continue taking New Zealand pine shipments but New Zealand will not now be able to make up the cancelled April and July shipments. Talks in Tokyo late last week between the importers and N.Z. Forest Products and the Forest Service produced agreement on a new price and volume for the August and September shipments. Importers declined to disclose the new price. Japanese timber industry sources said the price was reduced but was still a little higher than the price for Chilean pine.
The volume for each shipment would stay at
the previous level of 17,000 cubic metres, about 70 per cent of which is logs, the rest, sawn flitches. Stocks of unused New Zealand pine, used for packaging Japanese exports, are piling up at Japanese ports. The high value of the yen has slowed exports of industrial plant and heavy equipment, reducing the demand for packaging wood.
Importers say stocks of New Zealand pine reached 76,000 cubic metres at the end of June, about 65 per cent higher than the level at the end of March.
Copyright — N.Z. Japan News.
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Press, 23 July 1986, Page 11
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193Japan to continue buying N.Z. pine Press, 23 July 1986, Page 11
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